Kenlov, Ashtrom JV adds 300-MW US solar project to pipeline

Solar farm. Author: Alan Levine.

June 30 (Renewables Now) - Tel Aviv-based independent power producer Kenlov Renewable Energy said today it has added a 300-MW solar project in the US to its overall international development pipeline, which now exceeds 3 GW across North America and Europe.

More specifically, the company’s US joint venture with strategic partner Ashtrom Group Ltd (TLV:ASHG), called Kenlov Ashtrom Renewable Energy LLC (KARE), has sourced this month the Rolling Sun project in Bushland, Texas. This particular scheme is slated to enter construction in 2024 and achieve commercial operations in early 2025.

Rolling Sun is KARE’s fifth solar development in the US, where the JV now has almost 1.5 GW. The partners have committed to double their joint US pipeline to more than 3 GW in the next three years.

“We’re building a US portfolio with real muscle. Having brought Rolling Sun into the pipeline, we’re now looking forward to the start of works at our first sites later this year, and first power in 2023. We remain on the hunt for further high-quality opportunities throughout the US,” said managing director Richard Ferriday.

Meanwhile, Kenlov has European wind and solar projects surpassing 1.5 GW of total potential capacity in markets such as Spain, Italy, Greece and Serbia. They are currently at various stages of development and licensing, the company said.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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